Industry Addendum: MRO and Components
ST Engineering and Vietnam Airlines explore joint MRO venture
March 1st 2020
Singapore and Vietnam are coming together in a joint airframe MRO venture planned to satisfy demand for Asia-Pacific MRO services. Read More »
ST Engineering and Vietnam Airlines are progressing towards establishing the joint venture at Vietnam’s two major airports, Noi Bai International Airport in Hanoi and Ho Chi Minh City’s Tan Son Nhat International Airport.
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Vietnam Airlines president and CEO, Duong Tri Thanh, said: “the establishment of a joint venture will bring more aircraft and added value to Vietnam. Likewise, it will improve the technical level of the domestic aircraft maintenance industry and the competitiveness of the national airline.
“Together with ST Engineering and other potential airline partners around the world we believe this joint venture will stimulate and strengthen the Vietnamese job market and aviation industry.”
“This is an exciting time for us given the Asia-Pacific is a focus market for ST Engineering. Following the setting up of our first component MRO facility in Vietnam in September last year, this new joint venture will help expand our offerings to include component and airframe MRO for our customers,” ST Engineering president aerospace sector, Lim Serh Ghee, said.
“Collaboration with trusted customers like Vietnam Airlines will be a strong factor contributing to our success as we continue to increase our network of facilities to capture opportunities in the region.” ST Engineering is the largest commercial airframe MRO provider by maintenance man hours in the world.
